Jim Cramer Put These 17 Stocks Under a Microscope

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1. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Number of Hedge Fund Holders: 194

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the stocks Jim Cramer put under a microscope. Cramer highlighted the “off the charts” demand for the company’s chips, as he stated:

“Do you know that the fate of today’s market was decided at 12:30 AM Eastern time? Yeah, middle of the night. That’s when Taiwan Semiconductor, the biggest chip manufacturer in the world, reported one of the strongest quarters I have ever seen. That’s when we learned in a definitively bullish conference call that the artificial intelligence doubters may have no idea what they are talking about when they keep talking about a bubble, because demand for these AI chips is off the charts.

That’s when we found out that the only company with real insight into the long-term demand for advanced semiconductors just can’t make enough of them fast enough. Taiwan Semi has to spend more than $50 billion just to keep up with its current orders. Its stock was up about 20 bucks before most of you woke up… Just as important, Taiwan Semi made mincemeat of the skeptics who’ve been doubting AI’s staying power. They said something we have only heard from Jensen Huang, CEO of NVIDIA. The demand is insatiable and, more important, the profits, they could be humongous for the customers.”

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) produces and sells integrated circuits and semiconductor devices. The company provides fabrication and other related services.

While we acknowledge the potential of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSM and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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